Stephen Colbert launches his Super PAC

Saul Loeb/Getty

On September 24, Comedy Central funnyman Stephen Colbert raised some eyebrows on Capitol Hill, when he testified to the Subcommittee on Immigration as his character from the 'Colbert Report'. Colbert was criticized during testimony for cracking jokes and not taking the questions seriously.

On September 24, Comedy Central funnyman Stephen Colbert raised some eyebrows on Capitol Hill, when he testified to the Subcommittee on Immigration as his character from the 'Colbert Report'. Colbert was criticized during testimony for cracking jokes and not taking the questions seriously. (Saul Loeb/Getty)

Melanie Mason

The Colbert Report has become a modern day Schoolhouse Rock, and Thursday night's lesson was all about PACs.

Late last month, Stephen Colbert announced his strategy to become a "political playa in 2012" -- form a political action committee, like fellow conservative TV politi-pundits Sarah Palin and Mike Huckabee.

But last night, with help from former FEC Commissioner Trevor Potter, ColbertPAC was resurrected. With the addition of a simple cover letter, it transformed from regular old PAC to a "super PAC," which, sadly, is not, as Colbert suggests, "like a PAC that got bitten by a radioactive lobbyist."

Thanks to the Supreme Court's Citizens United ruling, super PACs can raise unlimited sums of money from corporations, labor unions, individuals and associations, but they must disclose those donations to the FEC.

The Colbert Report: bringing the absurdity of campaign finance regulations to its rightful place—late night comedy. Check out the clip below.